REGISTERED NUMBER: 08193358 (England and Wales)

Pansul Group Limited

Unaudited Financial Statements for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Nicolas

M P O'Sullivan

REGISTERED OFFICE:

97 Judd Street

London

WC1H 9JG

REGISTERED NUMBER:

08193358 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

FIXED ASSETS

Investment property

4

1,693,015

1,383,705

CURRENT ASSETS

Debtors

5

805,002

686,114

Cash at bank

356,720

11,993

1,161,722

698,107

CREDITORS

Amounts falling due within one year

6

299,453

227,645

NET CURRENT ASSETS

862,269

470,462

TOTAL ASSETS LESS CURRENT LIABILITIES

2,555,284

1,854,167

CREDITORS

Amounts falling due after more than one year

7

(2,153,790

)

(1,501,087

)

PROVISIONS FOR LIABILITIES

(75,030

)

(75,030

)

NET ASSETS

326,464

278,050

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

319,863

319,863

Retained earnings

6,501

(41,913

)

326,464

278,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

M P O'Sullivan - Director

N Nicolas - Director

1.	STATUTORY INFORMATION

Pansul Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

1,383,705

Additions

309,310

At 28 February 2025

1,693,015

NET BOOK VALUE

At 28 February 2025

1,693,015

At 29 February 2024

1,383,705

Fair value at 28 February 2025 is represented by:

£

Valuation in 2024

394,893

Cost

1,298,122

1,693,015

If investment property had not been revalued it would have been included at the following historical cost:

28/2/25

29/2/24

£

£

Cost

988,812

988,812

Investment property was valued on an open market basis on 29 February 2024 by the directors .

During the accounting year ended 29th February 2024 the company transferred one of its properties to Pansul Investments Ltd, a 100% subsidiary company at cost for £490,252.

5.

DEBTORS

28/2/25

29/2/24

£

£

Amounts falling due within one year:

Trade debtors

15,323

14,035

Other debtors

302,180

170,731

Directors' current accounts

375,836

69,676

Prepayments

5,000

-

698,339

254,442

28/2/25

29/2/24

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

106,663

431,672

Aggregate amounts

805,002

686,114

The company charges 2.5% interest per annum on directors loans shown above.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade creditors

-

12,154

Amounts owed to associates

189,750

180,000

Taxation and social security

105,303

31,549

Other creditors

4,400

3,942

299,453

227,645

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans

1,703,537

1,060,834

Other creditors

450,253

440,253

2,153,790

1,501,087

Amounts falling due in more than five years:

Repayable by instalments

Paragon Loan 5+ yrs

1,034,226

378,875

8.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/25

29/2/24

£

£

Bank loans

1,703,537

1,060,834